Comments on: SEC adopts (partially) mark-to-market fix http://www.journeyguy.com/sec-adopts-partially-mark-to-market-fix/ Life, adventure and faith in southwest Virginia Mon, 08 Mar 2010 18:51:51 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Michael Burns http://www.journeyguy.com/sec-adopts-partially-mark-to-market-fix/comment-page-1/#comment-91068 Michael Burns Thu, 02 Oct 2008 09:13:48 +0000 http://www.journeyguy.com/?p=1681#comment-91068 Maybe we should all move to Alaska........ <abbr><em>Michael Burnss last blog post..<a href="http://ponderingthethoughtsofamadman.blogspot.com/2008/10/it-just-keeps-getting-better.html" rel="nofollow">It just keeps getting better!</a></abbr></em> Maybe we should all move to Alaska……..

Michael Burnss last blog post..It just keeps getting better!

]]> By: Jeff http://www.journeyguy.com/sec-adopts-partially-mark-to-market-fix/comment-page-1/#comment-90877 Jeff Wed, 01 Oct 2008 20:49:22 +0000 http://www.journeyguy.com/?p=1681#comment-90877 @Brienne: Thanks for your timely and insightful response. Question: Wouldn't the government infusion still result in government ownership of what has been private entities? Another question: What do you think the precedent that this establishes might mean for other sectors of the economy? (i.e., health care, fuel, energy, etc.) I understand the financial principles you've outlined above, but I am also opposed to government intervention of this magnitude in the private economic sector. I still believe that the markets are significantly overvalued and need a radical correction (some of which we saw Monday). I also wonder why the lights are still on in middle America after the supposed Monday catastrophe? All the fear-mongering and hype reminds me so much of Y2K. Maybe we should all go buy cases of pinto beans and water and stock our cellars? ;) @Brienne: Thanks for your timely and insightful response. Question: Wouldn’t the government infusion still result in government ownership of what has been private entities? Another question: What do you think the precedent that this establishes might mean for other sectors of the economy? (i.e., health care, fuel, energy, etc.)

I understand the financial principles you’ve outlined above, but I am also opposed to government intervention of this magnitude in the private economic sector.

I still believe that the markets are significantly overvalued and need a radical correction (some of which we saw Monday). I also wonder why the lights are still on in middle America after the supposed Monday catastrophe? All the fear-mongering and hype reminds me so much of Y2K.

Maybe we should all go buy cases of pinto beans and water and stock our cellars? ;)

]]> By: brienne http://www.journeyguy.com/sec-adopts-partially-mark-to-market-fix/comment-page-1/#comment-90869 brienne Wed, 01 Oct 2008 20:18:21 +0000 http://www.journeyguy.com/?p=1681#comment-90869 jeff, i've very much enjoyed reading your post regarding the recent market conditions. i will admit that i vacillate between differing opinions regarding the $700B and would readily admit it would by far be optimal if we didn't even find outselves in this situation!! [note the following disclaimer: this very much is me voicing my personal opinion] however i believe, if the bill is structured correctly (note: "correctly" being the operative word and the operative word assumes this is just the $700B and no earmarks, etc. and there are procedures for assigning responsibility, etc.) the bill would look more like a loan (as opposed to a gift) backed by the federal goverment having the potentional to earn anywhere between 8-10% profit on this money in the long term. as a CFP® with a wealth mgmt firm here i can say for our perspective (which has a vested interest in keeping over $600M in assets for our clients in growth mode), the effects of american businesses no longer having access to credit would prove to be detrimental to the economy, which is otherwise currently, contrary to what the mainstream media reports, assuredly sound. just my rambling thoughts... :) hope things are well in your neck of the woods!!! jeff, i’ve very much enjoyed reading your post regarding the recent market conditions. i will admit that i vacillate between differing opinions regarding the $700B and would readily admit it would by far be optimal if we didn’t even find outselves in this situation!! [note the following disclaimer: this very much is me voicing my personal opinion] however i believe, if the bill is structured correctly (note: “correctly” being the operative word and the operative word assumes this is just the $700B and no earmarks, etc. and there are procedures for assigning responsibility, etc.) the bill would look more like a loan (as opposed to a gift) backed by the federal goverment having the potentional to earn anywhere between 8-10% profit on this money in the long term. as a CFP® with a wealth mgmt firm here i can say for our perspective (which has a vested interest in keeping over $600M in assets for our clients in growth mode), the effects of american businesses no longer having access to credit would prove to be detrimental to the economy, which is otherwise currently, contrary to what the mainstream media reports, assuredly sound. just my rambling thoughts… :) hope things are well in your neck of the woods!!!

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